Ideal Technoplast IPO Date, Details, Allotment and Analyses

Ideal Technoplast Industries is launching an Initial Public Offering (IPO) to raise approximately ₹16.03 crores by offering 13.25 lakh new shares at a fixed price of ₹121 per share.

The Ideal Technoplast IPO will be open for subscription from August 21, 2024, to August 23, 2024. The allotment of shares is expected to be finalized on August 26, 2024, and the shares are anticipated to be listed on the NSE SME on August 28, 2024.

For investors, the minimum lot size is 1,000 shares, requiring an investment of ₹121,000 for retail investors. High Net Worth Individuals (HNIs) must apply for at least 2 lots (2,000 shares), totalling ₹242,000. The retail investor segment is allocated 50% of the total offer, with the same percentage for Non-Institutional Investors (NII).

Refer Doc – Ideal Technoplast Industries IPO RHP

Ideal Technoplast IPO Details

Open Date	August 21, 2024
Close Date	August 23, 2024
IPO Size	Aggregating ₹16.03 crores through 13.25 lakh shares
Fresh Issue	13.25 lakh Equity Shares
Face Value	₹10 per share
IPO Price Band	₹121 per share
IPO Listing on	NSE SME
Lot Size	1000 Shares
OFS	N/A
Share Offered to Retail	50%
Share Offered to QIB	–
Share Offered to HNI	50%

Ideal Technoplast Industries IPO Reservation

IPO Shares Allocation

Investor Category	Shares Offered	Percentage of Total Shares
Anchor Investor Shares Offered	–	–
Market Maker Shares Offered	67,000	5.06%
Other Shares Offered	629,000	47.47%
Retail Shares Offered	629,000	47.47%
Total Shares Offered	1,325,000	100%

Ideal Technoplast IPO Date

• IPO Open Date: August 21, 2024
• IPO Close Date: August 23, 2024
• Allotment: August 26, 2024
• Refunds: August 27, 2024
• Shares Credit to Demat: August 27, 2024
• Listing Date: August 28, 2024

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹121,000
Retail (Max)	1	1000	₹121,000
HNI (Min)	2	2,000	₹242,000

Promoter Holding

The promoters of Ideal Technoplast Industries are Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, Mr. Vipulbhai Dulabhai Mendapara, Mrs. Mitulaben Vipulbhai Mendapara, Mr. Gauravbhai Chhaganbhai Gopani, and Mrs. Ashaben Gauravbhai Gopani. Before the IPO, these promoters hold 100.00% of the company’s shares. However, after the issue, their combined shareholding will be reduced to 73.50%.

Ideal Technoplast IPO GMP (Grey Market Premium)

If you want to know Ideal Technoplast IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Ideal Technoplast IPO Subscription Status

Ideal Technoplast IPO subscription starts on August 21, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Ideal Technoplast IPO Allotment Status

To check the Ideal Technoplast IPO allotment status go to the IPO registrar website ”Bigshare Services Pvt Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

1. Go to the Link given above.
2. Select the IPO Name
3. Enter your PAN/ DP ID/ Application No
4. Submit details and get the allotment status.

Know About Company

Ideal Technoplast Industries Limited is a leading manufacturer and exporter of a wide range of plastic packaging products, including:

• Plastic paint containers
• HDPE bottles
• Plastic caps
• Wash basins
• Square buckets
• Plastic containers for various industries

The company was established in 2012 as a partnership firm in Surat, Gujarat. They have a well-equipped manufacturing facility that plays a key role in their growth.

Some key facts about Ideal Technoplast Industries:

• Exports products globally (indirectly through export houses and third parties)
• Provides industrial packaging solutions for sectors like paints, chemicals, cosmetics, food, lubricants, etc.
• Introduced square buckets in 2019, one of the early entrants in this segment
• Wide range of square containers from 100ml to 20L capacity
• Won the IMP Empowering India award in 2018 for outstanding work in the industry
• Developed innovative eco-friendly products like ideal eco tiles and ideal eco basins

The company is led by CEO Mr. Praful K. Vaghasia. They have a team of visionary entrepreneurs including Vipul Mendapara and Gaurav Gopani.

Ideal Technoplast Industries focuses on quality at all stages of production. They are committed to the Swachh Bharat mission and working towards a plastic waste-free India. The company envisions delivering best-in-class quality and customer satisfaction.

Ideal Technoplast Limited Financial Information

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	₹1,508.51 Lakhs	₹978.00 Lakhs	₹356.78 Lakhs	₹300.86 Lakhs
Revenue	₹2,424.11 Lakhs	₹1,199.79 Lakhs	₹568.13 Lakhs	₹569.47 Lakhs
Profit After Tax	₹326.61 Lakhs	₹50.62 Lakhs	₹10.53 Lakhs	₹9.82 Lakhs
Net Worth	₹743.07 Lakhs	₹188.60 Lakhs	₹137.98 Lakhs	₹127.45 Lakhs
Total Borrowing	₹456.89 Lakhs	₹586.04 Lakhs	₹146.56 Lakhs	₹118.62 Lakhs

KPI Of Ideal Technoplast Limited

Here’s the table with the Key Performance Indicators:

Particulars	As of 29 Feb 2024	As of 31 Mar 2023
Revenue from Operations (₹ Lakhs)	₹2,424.11	₹1,199.30
Growth in Revenue from Operations (%)	120.50%	111.21%
EBITDA (₹ Lakhs)	₹398.04	₹114.03
EBITDA Margin (%)	16.42%	9.51%
PAT (₹ Lakhs)	₹326.61	₹50.62
PAT Margin (%)	13.47%	4.22%
Net Debt (₹ Lakhs)	₹427.80	₹582.07
Total Equity (₹ Lakhs)	₹743.07	₹188.60
ROE (%)	43.95%	26.84%
ROCE (%)	32.95%	12.09%
EPS (Basic & Diluted) (₹)	₹23.29	₹3.63

Ideal Technoplast IPO valuation FY-2024

Here’s a table showing the IPO valuation:

Valuation Metric	Value
EPS (Earnings Per Share) (₹)	₹23.29
P/E Ratio (Assumed)	20
Market Capitalization (₹ Lakhs)	₹465.80

In this table:

• EPS (Earnings Per Share) is taken from the company’s financials.
• P/E Ratio is assumed to be 20 for the calculation.
• Market Capitalization is calculated as EPS multiplied by the P/E ratio.

Objects of the Issue

1. To Meet Capital Expenditure;
2. General Corporate Purpose.

Peer Group

• Mold-Tek Packaging Limited
• Time Technoplast Limited
• TPL Plastech Limited

Ideal Technoplast IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
SEBI Registration Number: INR000001385;
Address: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri – East, Mumbai – 400093, Maharashtra, India;
Tel. Number: +91 22 6263 8200;
Fax Number: +91 22 6263 8299;
Email Id: ipo@bigshareonline.com;
Investors Grievance Id: investor@bigshareonline.com;
Website: www.bigshareonline.com

Ideal Technoplast IPO Lead Manager

SWASTIKA INVESTMART LIMITED
SEBI Registration Number: INM000012102
Registered Office: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd
Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058
(Maharashtra).
Merchant Banking Division Address: 48 Jaora Compound, M.Y.H Road, Indore (MP) –
452001;
Telephone Number: +91-22-26254568-69 / 0731-6644244;
Email Id: merchantbanking@swastika.co.in;
Investors Grievance Id: mb.investorgreivance@swastika.co.in;
Website: www.swastika.co.in;

Ideal Technoplast Contact

Ideal Technoplast Industries Limited
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat – 3945
Phone: 0261-2769409
Email: cs@idealtechnoplast.com
Website: http://www.idealtechnoplasts.com/

Ideal Technoplast IPO Application Form PDF

To download the Ideal Technoplast IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

Analyses Of Ideal Technoplast IPO

Pros of Investing in Ideal Technoplast IPO

1. Growing Market Demand
   The plastic packaging industry is witnessing significant growth due to increasing demand from various sectors, including food, chemicals, and cosmetics. Ideal Technoplast’s focus on rigid plastic packaging positions it well to capitalize on this trend.
2. Strong Financial Performance
   The company has shown impressive financial growth. For FY23, Ideal Technoplast reported revenues of ₹11.99 crores, more than doubling from ₹5.68 crores in FY22. Additionally, its profit after tax surged by over 380%, indicating robust operational efficiency and profitability.
3. Diverse Product Portfolio
   Ideal Technoplast manufactures a wide range of products, including containers for paints, agrochemicals, and food items. This diversification helps mitigate risks associated with reliance on a single product line.
4. Experienced Management Team
   The promoters of Ideal Technoplast have over 12 years of collective experience in the plastic manufacturing industry. Their expertise is crucial for navigating market challenges and driving the company’s growth.
5. Positive Grey Market Premium (GMP)
   The shares are currently trading at a GMP of ₹15, indicating a potential listing gain of about 12% over the issue price. This reflects investor confidence and demand for the stock.
6. Focus on Capital Expenditure
   The IPO proceeds will be utilized for capital expenditures, including setting up a new manufacturing unit for small containers. This strategic investment aims to enhance production capacity and meet growing customer demand.
7. Strong Subscription Rate
   The IPO has witnessed a strong subscription rate, with retail investors driving demand. On the first day, it was subscribed over 5 times, indicating positive market sentiment.

Cons of Investing in Ideal Technoplast IPO

1. High Competition
   The plastic packaging industry is highly competitive, with established players like Mold-Tek and Time Technoplast dominating the market. Ideal Technoplast may face challenges in gaining market share against these larger competitors.
2. Dependency on Raw Materials
   The company’s operations are dependent on the availability and price volatility of raw materials. Any fluctuations in raw material costs could impact profit margins.
3. Limited Track Record
   Established in 2012, Ideal Technoplast has a relatively short operational history compared to some of its competitors. This limited track record may raise concerns for risk-averse investors.
4. Market Risks
   The overall market conditions can impact the performance of the IPO. Economic downturns or changes in consumer preferences could adversely affect the company’s revenue and profitability.
5. Regulatory Challenges
   The plastic packaging industry is subject to various regulations concerning environmental impact and sustainability. Future regulatory changes could impose additional costs or operational constraints on the company.
6. Promoter Stake Dilution
   Post-IPO, the promoters’ stake will reduce from 100% to 73.5%. While this is common in IPOs, it may raise concerns about the level of control and commitment from the founding team.
7. Potential for Overvaluation
   Given the current GMP and subscription rates, there is a risk that the shares could be overvalued at the IPO price. Investors should carefully assess the company’s fundamentals before investing.

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